Market News and EISER Archive

Renewable Energy Is About To Boom In Africa, And We Need To Pay Attention To It

It’s an incredibly exciting time for Africa, and the world is finally starting to take notice.

Two out of every three people in sub-Saharan Africa live without electricity, according to the US government’s Power Africa statistics. It’s a daunting problem to solve, but there is a silver lining: how quickly that number is going to drop as renewable energy — particularly solar — becomes more prevalent and accessible on the continent.

In the last year, several reports have been released detailing the potential and predicted growth for Africa’s renewable energy sector. This is just adding to the momentum of the booming tech scene in Kenya, Nigeria, South Africa, and the rapidly growing class of young, innovative people.